股票代码：300789 股票简称：唐源电气 若本次向特定对象发行募集资金总额因监管政策变化或发行注册文件的要 求予以调整的，则届时将相应调整。 二、本次募集资金投资项目的基本情况及可行性分析 成都唐源电气股份有限公司 向特定对象发行股票募集资金使用的 可行性分析报告 （修订稿） 二〇二五年十月 1 为推动成都唐源电气股份有限公司（以下简称"唐源电气"或"公司"）业 务发展，进一步增强公司竞争力，公司拟向特定对象发行股票募集资金。公司董 事会对本次向特定对象发行股票募集资金使用的可行性分析如下： 一、本次募集资金使用计划 本次向特定对象发行股票募集资金总额不超过人民币 80,623.58 万元（含本 数），扣除相关发行费用后的募集资金净额拟用于以下项目： | | | | 单位：万元 | | --- | --- | --- | --- | | 序 号 | 项目名称 | 预计投资总额 | 拟投入募集资金 | | 1 | 轨道交通智能运维机器人研发与产业化项目 | 39,386.51 | 39,386.51 | | 2 | 轨道交通智能运维 AI 大模型研发与产业化项目 | 31,054.05 | 31,054.05 ...

证券代码：300789 证券简称：唐源电气 公告编号：2025-087 成都唐源电气股份有限公司 第四届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 成都唐源电气股份有限公司（以下简称"公司"）第四届董事会第四次会 议于2025年10月10日以通讯表决的方式召开。会议通知于2025年10月7日以电子 邮件方式发出。本次董事会应参加董事7人，实际参加表决的董事7人。会议由 董事长陈唐龙先生主持，公司高级管理人员列席了本次会议。本次会议的召集、 召开符合相关法律、行政法规、部门规章、规范性文件及《公司章程》的有关 规定。 二、董事会会议审议情况 本次会议以记名投票方式进行表决并通过了如下议案： 1、审议通过《关于调整公司向特定对象发行股票方案的议案》 公司根据《中华人民共和国公司法》《中华人民共和国证券法》及《上市 公司证券发行注册管理办法》等相关法律法规及规范性文件的规定，结合自身 实际情况，对公司向特定对象发行股票方案中的募集资金总额等有关事项进行 调整。具体调整如下： 调整前： 调整后： 本次向特定对象发行 ...

| 文件名 | 修订章节 | 修订说明 | | --- | --- | --- | | 成都唐源电气 | 封面 特别提示 | 更新了封面名称、日期。 1、更新了本次发行的审议程序情况； | | | 发行人声明 | 更新了本次发行尚待履行程序情况。 | | | | 2、更新了本次募集资金总额、补充流动资金金 | | | | 额。 | | 股份有限公司 向特定对象发 行股票预案 （修订稿） | 第一节 本次向特 | 1、"一、发行人基本情况"更新了注册资本； | | | | 2、"二、本次向特定对象发行股票的目的"更新 | | | | 了本次募集资金总额； | | | | 3、"四、本次向特定对象发行股票概况"更新了 | | | 定对象发行股票方 | 本次募集资金总额、补充流动资金金额； | | | 案概要 | 4、"六、本次发行是否导致公司控制权发生变 | | | | 化"根据公司截至目前的股本情况更新了实控人控 | | | | 股比例； | | | | 5、"八、本次向特定对象发行的审批程序"更新了 | | | | 公司关于本次发行的审议程序。 | 1 | 文件名 | 修订章节 | 修订说明 | | --- ...

股票代码：300789 股票简称：唐源电气 成都唐源电气股份有限公司 向特定对象发行股票预案（修订稿） 成都唐源电气股份有限公司 Chengdu Tangyuan Electric Co.,Ltd. （四川省成都市武侯区武科西一路 9 号） 向特定对象发行股票预案 （修订稿） 二〇二五年十月 1 成都唐源电气股份有限公司 向特定对象发行股票预案（修订稿） 公司声明 1、公司及董事会全体成员保证本预案内容不存在虚假记载、误导性陈述或 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2、本预案按照《公司法》《证券法》《注册管理办法》等法律法规、部门规 章及规范性文件的要求编制。 3、本次向特定对象发行股票完成后，公司经营与收益的变化由公司自行负 责；因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 本次向特定对象发行股票的所有发行对象均以现金方式并以同一价格认购 本次发行的股票。 4、本预案所述事项并不代表审批机关对于本次向特定对象发行股票相关事 项的实质性判断、确认或批准，本预案所述本次向特定对象发行股票相关事项的 生效和完成尚待取得有关审批机关的批准及注册。 5、投资者如有任何疑问 ...

证券日报网讯9月19日晚间，唐源电气（300789）发布公告称，公司及控股子公司不存在对合并报表外 单位提供担保的情况，不存在逾期担保，不存在涉及诉讼的担保及因担保被判决败诉而应承担损失的情 况。 ...

证券代码：300789 证券简称：唐源电气 公告编号：2025-086 成都唐源电气股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 1、成都唐源电气股份有限公司（以下简称"公司"）于2025年4月21日召 开了第三届董事会第三十一次会议，审议通过了《关于2025年度为子公司提供 担保额度预计的议案》，同意公司2025年度为合并报表范围内的子公司提供不 超过人民币3.19亿元的担保额度。担保额度在有效期内可循环使用，担保方式 为连带责任保证。具体内容详见公司于2025年4月23日在巨潮资讯网上披露的 《关于2025年度向金融机构申请综合授信额度及预计提供担保额度的公告》 （公告编号：2025-029）。 2、公司于2025年5月15日召开了2024年年度股东大会，审议通过了《关于 2025年度为子公司提供担保额度预计的议案》。具体内容详见公司于2025年5月 15日在巨潮资讯网上披露的《2024年年度股东大会决议公告》（公告编号： 2025-048）。 上述担保属于公司2024年年度股东大会已审批通 ...

Core Viewpoint - Chengdu Tangyuan Electric Co., Ltd. plans to raise up to 864 million yuan through a private placement to specific investors, with the funds primarily allocated for four major projects related to intelligent operation and maintenance in rail transit [1][3]. Financial Performance - The company's revenue has grown significantly from 269 million yuan in 2020 to 639 million yuan in 2023, but is expected to slow down to 640 million yuan in 2024 [3]. - The gross profit margin has declined from 54.06% in 2020 to 35.99% in 2024, contrasting with the revenue growth [4]. Industry Trends - The rail transit industry is transitioning from a focus on new construction to a balanced emphasis on both construction and maintenance, leading to accelerated potential in the operation and maintenance market [7]. - There is a shift from traditional manual management to digital and intelligent monitoring methods, with increasing demand for intelligent operation and maintenance in areas such as traction power supply and vehicle engineering [8]. Strategic Focus - The company is shifting its strategic focus towards AI and robotics integration, adopting a "1+N" model that centers on rail transit while expanding into smart highways, emergency services, and new materials [9][10]. - The company is strategically reducing its vanadium-titanium business, which is expected to see a 64.4% year-on-year revenue decline in the first half of 2025, to concentrate on high-margin intelligent core businesses [10]. Product Development - Initial products like intelligent comprehensive inspection robots and vehicle inspection robots have completed trial operations in various projects, including Tianjin Metro and Wuhan Metro [11]. - The launch of the "ShenYuan" AI operation and maintenance platform for rail transit in April 2023 lays the groundwork for AI model development, leveraging high technical similarity and customer overlap with existing products [12].

Group 1 - The company announced a strategic upgrade with the "AI Agent+" development strategy, emphasizing the core role of machine vision and AI agents in intelligent operation and maintenance in rail transit, with 70% of future growth expected to come from the integration of these technologies [1][2] - The company plans to raise no more than 864 million yuan for the development of intelligent operation and maintenance robots and AI large models, which, if successfully implemented, will become the core engine for business growth [2] - The intelligent operation and maintenance market for rail transit is projected to be worth trillions, driving a surge in demand for machine vision and AI agent systems [2] Group 2 - The company is the only A-share entity that possesses dynamic detection technology for contact networks at speeds of 350 kilometers per hour, recognized as a national-level specialized "little giant" [2] - The third-generation intelligent inspection system launched this year achieves full-scene coverage, significantly improving detection efficiency by 300% compared to traditional methods, with a 100% key component identification rate, replacing 80% of manual inspections [2] - The company utilizes deep learning and multi-modal fusion routes for machine vision, aligning with the industry's demand for intelligence, and aims to build an intelligent operation and maintenance network covering the entire lifecycle of railways and subways [3] Group 3 - By 2030, the global demand for machine vision and AI decision systems in the rail transit intelligent operation and maintenance sector is expected to exceed 48 billion yuan, with China accounting for over 60% of this market [3] - The company has established deep collaborations with 18 railway bureau groups and 45 subway companies, making it one of the few enterprises to achieve large-scale implementation of these systems [3] - The company is expanding its R&D team, with over 60% of algorithm engineers holding master's or doctoral degrees, and is collaborating with Southwest Jiaotong University to focus on precision measurement and autonomous decision-making in machine vision [3]

Group 1: Investment and Financial Performance - The project for the development of intelligent operation and maintenance robots in rail transit is expected to generate an annual revenue of CNY 609.6 million and a net profit of CNY 90.07 million after reaching full production in year T+6, with a post-tax internal rate of return of 18.02% [3] - The company aims to enhance shareholder value through business expansion and technological innovation, focusing on long-term strategic development [4] Group 2: Strategic Direction and Market Expansion - The core strategy is centered around "AI technology leadership + multi-industry scenario expansion + Belt and Road Initiative," aiming for dual growth in core business and innovative sectors [4][6] - The company is actively promoting AI technology in emerging applications such as smart highways, emergency response, and intelligent manufacturing to create additional growth curves beyond core rail transit business [4] Group 3: International Collaboration and Market Development - A comprehensive strategic cooperation agreement has been signed with Vietnam's transportation university and a leading construction company to facilitate entry into the Vietnamese rail market [7] - The company has established an overseas division to oversee market research and project implementation along the Belt and Road, focusing on regions like Central Asia, Southeast Asia, and South America [8] Group 4: Product Development and Technological Focus - The company is developing a product matrix for rail transit, including various intelligent inspection robots, to meet comprehensive operational needs [5] - While currently not engaged in humanoid robot development, the company is monitoring advancements in this area, recognizing its potential impact on industrial production and service scenarios [6]

关于成都唐源电气股份有限公司 向特定对象发行股票 之 发行保荐书 保荐人（主承销商） 中信证券股份有限公司 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年九月 | | | 成都唐源电气股份有限公司 发行保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）接受成都唐 源电气股份有限公司（以下简称"唐源电气"、"发行人"或"公司"）的委托， 担任成都唐源电气股份有限公司向特定对象发行股票（以下简称"本次证券发 行"、"本次向特定对象发行"或"本次发行"）的保荐人，为本次发行出具发 行保荐书。 保荐人及指定的保荐代表人根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司证 券发行注册管理办法》（以下简称"《注册管理办法》"）、《证券发行上市保荐业 务管理办法》（以下简称"《保荐业务管理办法》"）等有关法律、法规和中国证券 监督管理委员会（以下简称"中国证监会"）的有关规定，诚实守信，勤勉尽责， 严格按照依法制订的业务规则、行业执业规范和道德准则出具发行保荐书，并保 证所出具文件的真实性、准确性和完整性。若 ...